News

Zimbabwe: ZSE Has Its Best Month in a Year

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The Zimbabwe Stock Exchange had its best closing month in more than a year after its market capitalisation closed at $531.7 billion. Since October 2020, the ZSE has closed higher than the previous month. Turnover for June, was also the second-highest for the period under review. Meanwhile, for the week …

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Zimbabwe: Border Timbers Predicts Growth in Export Markets

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Timber milling and manufacturing firm, Border Timbers Limited, is eyeing growth in export markets, at a time foreign currency availability in the country remains limited. Judicial manager Peter Bailey, indicated the firm was looking at increasing sales volumes across the country’s borders. This comes as demand for lumber remains very …

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Uganda: Traders Fail Tough Test for Uganda Maize Exports to Kenya

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By Business Daily AfricaNo maize trader has met the new tougher requirements for Kenya’s imports from Uganda that are meant to prevent influx of grain with high incidence of aflatoxin, raising fears of a shortage in the country. The country’s Agriculture Cabinet Secretary Peter Munya said so far, traders are …

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Nigeria’s Economy Bleeds As Govt Fails to Implement Port Automation

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Leadership (Abuja)By Yusuf BabalolaNigeria is losing billions of Naira it has the opportunity of earning due to the failure of government to commence implementation of a one-stop-shop cargo clearing system at the nation’s ports, LEADERSHIP reports. This development, according to sources, has provided opportunity for dishonest government officials and shippers …

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Rwanda: Why Agriculture Lags Behind in Strategic Plan Targets

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By Emmanuel NtirenganyaAlthough agriculture sector improved much in different areas such as erosion control measures and availability inputs, it is still lagging behind in Fourth Strategic Plan for the Transformation of Agriculture (PSTA4) targets. This is one of the findings of a report by the Ministry of Finance and Economic …

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Can You Do Mining with Any Cryptocurrency?

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Content from our Premium PartnerAllAfrica InfoWire (Washington, DC)Cryptocurrency mining might be a new term for those who never thought about how this famous digital currency is obtained. It is not rocket science but one of the many simple ways to mine your cryptocurrency without paying anyone. The crypto mining culture …

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Ethiopia Cruises Through 10-Year of Zigzags, Loopholes in Building GERD

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Ethiopian News Agency (Addis Ababa)Ethiopia Cruises through 10-Year of Zigzags, Loopholes in Building GERD. Ethiopians of all walks of life are currently marking the 10th Anniversary of GERD with various programs which among other things included Bond Sales Week and organizing a National Symposium related to the timeline of the …

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Zimbabwe: Hwange Fire Squad Trains Sino Hydro Workers On Averting Accidents

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By Mbekezeli NcubeHWANGE Local Board (HLB)’s fire and rescue section successfully carried out a six-day training course aimed at equipping Sino Hydro workers with requisite skills to avert accidents within their workstations. According to HLB team leader, fire fighter Shonipai Muleya, the course was aimed at equipping Sino Hydro’s construction …

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Zimbabwe: Bat Volumes Down 12 Percent On the Back of Depressed Disposable Incomes

By Alois VingaLISTED cigarette manufacturer, British American Tobacco (BAT) has registered a 12 % volume decline owing to depressed disposable incomes in the economy. Presenting the group’s performance for the year ended December 31, 2020 recently, BAT chairman, Lovemore Manatsa acknowledged the positive impact brought about by the Reserve Bank …

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Zimbabwe: Consultant Arrested in Three-Day-Old Company Director Scandal

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By Robert TapfumaneyiTHE Zimbabwe Republic Police (ZRP) Commercial Crimes Department has confirmed the arrest of company registration consultant Philip Danga in connection with another fraudulent CR14 for Balwearie Holdings (Private) Limited. Danga has since appeared before a magistrate in Harare’s Rotten Row Magistrates’ Court where he deposed to an affidavit …

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